Volcker’s Broadside

December 25, 2009 by admin · Leave a Comment
Filed under: Business News 

Paul Volcker, the former US Federal Reserve chairman, surprised a conference of high-level bankers when he criticized them for failing to grasp the scale of the financial crisis.
He berated the bankers for their failure to acknowledge a problem with pay deals and questioned their claims for financial innovation.

ss_blog_claim=d8b71225e22bcdd26f96fbebe990c628 ss_blog_claim=d8b71225e22bcdd26f96fbebe990c628